Hurston Family Foundation Inc
- Assets
- $2.3m
- Revenue
- $52.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- North Andover, MA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 26-0581018
The information for Hurston Family Foundation Inc is as of the organization's most recent filing in December 2020. This organization is located in North Andover, MA. It has been in existence for 13 years, following its founding in 2007.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Hurston Family Foundation Inc's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments, typically endowed from a single individual or family. These foundations are generally focused on grantmaking and do not actively seek public financial support.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. The Hurston Family Foundation Inc is a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has six years of grant history for the Hurston Family Foundation Inc. In that time, they have awarded fifty grants, with an average check size of $18,923. The most common NTEE sectors for their grants are Youth Development (7), Health Care (5), and Recreation & Sports (1). Furthermore, the organization most frequently awards grants in the state of Massachusetts (39), Maryland (1), Illinois (5), Tennessee (4), and New York (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Hurston Vice Pres. | 0 | $0 | |
Steven J Dennen Treasurer/se | 0 | $0 | |
Alan P Kenney President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $50,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,846 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,367 |
| Total operating and administrative expenses | $27,252 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $177,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $841,138 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,310,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hurston Family Foundation Inc has awarded $150,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LAZARUS HOUSE PURPOSE: CHARITABLE PURPOSE | $30,000 |
BOYS AND GIRLS CLUB OF LAWRENCE PURPOSE: CHARITABLE PURPOSE | $20,000 |
CHALLENGE UNLIMITED AT IRONSTONE PURPOSE: CHARITABLE PURPOSE | $20,000 |
THE PROFESSIONAL CENTER FOR CHILD PURPOSE: CHARITABLE PURPOSE | $20,000 |
TUNNELS TO TOWERS PURPOSE: CHARITABLE PURPAOSE | $20,000 |
Memphis, TN PURPOSE: CHARITABLE PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |